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Show BUOYANT SPURT IN STOCK PRICES Broad and Active Speculation Spec-ulation On Wall Street; Healthy Tone Prevails NEW YORK. Nov,-. 20.-Tbere was a buoyant spurt in prices at the opening of thj stock market on large transactions. The movement was largely confined to the Industrials and specialties. Some of the advances were: Federal Mining 11U. ! American Snuff 10. Anaconda 7. IT. a. Reduction preferred and Smeltjng 314, At-l.iml'i At-l.iml'i Coast Line and- North American 2V. Sloss-Sheftteld Steel 2. L. N.. St. Paul. Brooklyn Rapid Transit and International Inter-national . Power 1 and llllnok Central, NoHhern Pacific, Kansas City Southern preferred. New York. Chicago & St. Louis, Amalgamated Copper, Pressed Steel Car and V. S. Rubber 1 to 1. Profit-taking cost Federal Mining ' 7 points afterwards. Operations in the railroad rail-road list were more conspicuous and a number of prominent stocks got near to Saturday's . level. Including New York Central, Pennsylvania. Brie, Tennessee Coal and others. Reading was afterwards pushed to 142. - A broad and active speculation was reflected re-flected in the operations of the morning, based on the easy money market and the subsidence of the anxiety over the conditions con-ditions in Russia. ProtH-taklng went hand in hand with new buying and gave some irregularity to the price movement. There were advances in the second hour In Reading and Brooklyn Transit of 2H, Tennessee Coal 24. V. S. Realty, Ontario & Western and Minneapolis, St. Paul ft Sault Ste. Marie 2. Pacific Mail 1, Delaware Dela-ware Hudson, Texas Pacific Land Trust, Havana Electric and Central Leather preferred 14 and Union Pacific. Baltimore & Ohio. Kansas City Southern. Locomotive, General Electric and some others 1 or more. Cotton Oil lost 1. Prices were below the best and trading became quiet at noon. Bonds were firm. Pauses m the buying were generally followed fol-lowed by an outburst of activity and buoyancy in special stocks or groups, which In turn revived buying all around.' The. Southern iron group and Brooklyn Tran:t received the most attention between be-tween 12 and 1 o'clock, but there was also , an expansion In the demand for standard railroad stocks. Sloss-Shef field improved 4. Tennesee Coal and Brooklyn Transit 3, Northern Pacific, Long Island and Locomotive 2V. Central Railroad of New Jersey 2. C. & O. 1. and Rock Island preferred 1. Spectacular buying of various stocks continued until well into the afternoon before the professional realising caused an appreciable check to the advances-There advances-There were reaction of 1 to 1H in Atlantic Atlan-tic Coast Line. L. & N., Reading, Tennessee Tennes-see Coal. Smelting nnd Locomotive. Speculation Spec-ulation became dull, but the volume of business Increased later when the market mar-ket be fan to pick up. In the Interim gains had been shown of 3 in Locomotive. Locomo-tive. 2i in Smelting preferred and Knickerbocker Knick-erbocker loe, 2 In St. Paul and 1 to IV, In Atchison. New York, New Haven ft Hartford, Hart-ford, Iowa Central preferred, Erie second sec-ond preferred. Metropolitan Securities, Railway Steel Spring, American Car and Virginia Iron. . Late advances were Anaconda 10i, Smelting preferred 44. Federal Mining 4-V International Power 4i and Southern Pacific 1. There waa general profit-taking in the final hour, recessions' in many cases running from 1 to 2 points. There were some rallies but the close was active and irregular. |